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💥 US Banks Call for Ban on Stablecoin Yields
The American Banking Association (ABA) has made combating the possibility of earning income from stablecoins a top priority for 2026. It advocates for banning any interest or rewards so that stablecoins do not "pull" deposits away from traditional banks.
💵 The association believes that any payments for holding stablecoins — even through intermediaries — will encourage outflows from deposits. This could limit banks' ability to issue loans; the potential outflow is estimated at $6 trillion.
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